Europe Air and Missile Defense Radar Market is Expected to Reach $2.07 billion in 2020 - New Report by MicroMarket Monitor

(PRWEB) July 24 2014 The European air and missile defense radar market is estimated to be $1.20 billion in 2014 and is expected to register a CAGR of 8.06% to reach $2.07 billion by 2020. The U.K. France Germany Russia and turkey are the major spenders in the region with a number of indigenous programs. These programs include medium extended air defense

The European air and missile defense radar market is estimated to be $1.20 billion in 2014, and is expected to register a CAGR of 8.06%, to reach $2.07 billion by 2020. The U.K., France, Germany, Russia, and turkey are the major spenders in the region with a number of indigenous programs. These programs include medium extended air defense program and multinational (MEADS) program, which has been co-developed by Germany, the U.S., and Italy.

Browse through the TOC of the Europe air and missile defense radar market report, to get an idea of the in-depth analysis provided. This report also provides a glimpse of the segmentation in the European air and missile defense radar market, and is supported by various tables and figures.

Air and missile defense radars are used as early-warning devices, which can detect the enemy’s approaching aircraft or missiles from great distances. These radar systems form a defensive position in the form of anti-aircraft artillery (AAA), missiles, or fighter planes. The systems have to be readily available at any point in time to repel an attack.

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